waypoint wealth counsel Grows Position in Schlumberger Limited (NYSE:SLB)

waypoint wealth counsel increased its position in Schlumberger Limited (NYSE:SLB) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,968 shares of the oil and gas company’s stock after buying an additional 1,057 shares during the quarter. waypoint wealth counsel’s holdings in Schlumberger were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLB. AQR Capital Management LLC lifted its position in shares of Schlumberger by 26.4% in the 2nd quarter. AQR Capital Management LLC now owns 557,533 shares of the oil and gas company’s stock worth $26,210,000 after purchasing an additional 116,284 shares during the period. APG Asset Management N.V. grew its stake in Schlumberger by 8.4% in the second quarter. APG Asset Management N.V. now owns 150,796 shares of the oil and gas company’s stock worth $6,638,000 after purchasing an additional 11,735 shares during the period. Lighthouse Investment Partners LLC bought a new position in Schlumberger in the second quarter worth $1,180,000. Scientech Research LLC grew its position in shares of Schlumberger by 301.6% in the 2nd quarter. Scientech Research LLC now owns 15,792 shares of the oil and gas company’s stock worth $745,000 after buying an additional 11,860 shares during the period. Finally, SkyView Investment Advisors LLC increased its stake in shares of Schlumberger by 13.7% in the 2nd quarter. SkyView Investment Advisors LLC now owns 16,029 shares of the oil and gas company’s stock worth $756,000 after acquiring an additional 1,929 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Trading Up 0.6 %

Shares of SLB stock opened at $42.30 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The company has a market cap of $59.73 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 9.98 and a beta of 1.52. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The firm has a fifty day moving average price of $40.74 and a 200-day moving average price of $42.74.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9,241,140 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. Schlumberger’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts predict that Schlumberger Limited will post 3.34 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 2.70%. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Insider Buying and Selling at Schlumberger

In related news, EVP Mogharbel Khaled Al sold 123,097 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the transaction, the executive vice president now directly owns 184,626 shares of the company’s stock, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 198,258 shares of company stock valued at $8,732,604 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Jefferies Financial Group cut their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Barclays lowered their price objective on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Piper Sandler began coverage on Schlumberger in a research note on Thursday, December 19th. They issued a “neutral” rating and a $47.00 target price on the stock. Finally, Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.81.

Schlumberger Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.